National Homeownership Month, 2002
By the President of the United States of America
A Proclamation

Homeownership is an important part of the American Dream. As
President, I am committed to helping many more Americans achieve that
dream. A home provides shelter and a safe place where families can
prosper and children can thrive. For many Americans, their home is an
important financial investment, and it can be a source of great
personal pride and an important part of community stability.

Homeownership encourages personal responsibility and the values
necessary for strong families. Where homeownership flourishes,
neighborhoods are more stable, residents are more civic-minded,
schools are better, and crime rates decline. Thanks to the resources
available in our Nation, more Americans own homes today than at any
time in our history. However, among African American and Hispanic
families, fewer than half are home-owners. My Administration is
working to provide all families with the tools and information they
need to accumulate wealth and overcome barriers to homeownership.

The Department of Housing and Urban Development is partnering with
State and local governments, community groups, and the private sector
to make the most effective use of Federal funds. Through a combination
of down payment assistance, tax incentives, and education about the
process and responsibilities of homeownership, we are helping thousands
of Americans buy homes and pursue a better quality of life.

During National Homeownership Month, I encourage all Americans to
learn more about financial management and to explore homeownership
opportunities in their communities. By taking this important step,
individuals and families help safeguard their financial futures and
contribute to the strength of our Nation.

NOW, THEREFORE, I, GEORGE W. BUSH, President of the United States
of America, by virtue of the authority vested in me by the Constitution
and laws of the United States, do hereby proclaim June 2002 as National
Homeownership Month. I call upon the people of the United States to
join me in recognizing the importance of providing all our citizens a
chance to achieve the American Dream.

IN WITNESS WHEREOF, I have hereunto set my hand this fourth
day of June, in the year of our Lord two thousand two, and of the
Independence of the United States of America the two hundred and
twenty-sixth.